Chop. c h o p. CHOP.
The last 3 months have been nothing but ranging chop and have humbled many traders.
I am not a big fan of trading ranges, but have had some good trades nonetheless playing the support and resistance levels.
I've also had my fair share of stop losses hit in the nasty stop hunts on the low liquidity...
Many try to explain why Bitcoin has been trading sideways for nearly 3 months stuck between 9100 and 13900. The answer may be simpler than we would expect.
Drawing the Fibonacci retracement levels from the December 2017 market top to the December 2018 market bottom we can clearly see that the current consolidation is taking place within the 0.382 - 0.618...
Let's zoom out of the charts and examine the psychology behind every market cycle.
This Wall Street cheat sheet was published long before Satoshi Nakamoto was known. Looks familiar?
Let us know if you have any questions or comments, and please follow us if you like our ideas or scripts! We are here to help you profit!
It’s hard to deny that BTC is in a bearish descending triangle and there is not much to say until the triangle is broken, but in my opinion, Bitcoin is in a bullish re-accumulation.
Typically, the breakout from a descending triangle is triggered to the downside, but not all descending triangles breakout to the downside. You can also see an upside breakout. In this...
Welcome to our weekly market Breakdown ( USDCHF )!
Bullish move after forming new h1 lows.
Small bearish pullback in a bullish market.
Bullish moving market with several pullbacks.
Expecting prices to form new highs before heading back down to
average price movement and range. Will update you once we
A potential unified gartley is setting up.
Pattern details and a trade plan:
Swing identificaiton: prex(6)
Stoploss(stop order): 1.0XA
Target(limit order): 1 to 1 RR
First bar in history: 1999.01.04 07:00:00
Total patterns found 38
Number of winners: 21
Average winner 37.3...
Welcome back to another chart, Today’s chart will be on the MJ sector – CRON
Points to consider,
- Price is trending bullish up retest of trend line
- Local resistance a .618 Fibonacci Line
- RSI coming into apex
- Stochs testing resistance
- EMA’s giving price resistance at current given time
- Volume is well below average
- VPVR, showing...
MNST is currently within its cyclical consolidation phase (1W RSI = 47.866, 1M RSI = 51.690, ADX = 21.720, Highs/Lows = 0.0000) following the price peak in 2018. This phase has lasted around 780 days in the past and was always followed by a strong rise to a new peak.
With the 1W MA200 supporting we have entered the last phase of this consolidation and if the...
We looked at the Market Cap BTC Dominance (BTC.D) chart recently and noticed a potential top/peak being hit.
This was marked by bearish divergence coming up on both indicators, MACD and RSI, as well as decreasing volume and alts season coming up.
Now, we are seeing BTC.D move and close below EMA10 (72.11) for the second time.
If the last low at 72.00 fails, we...
The sentiment on alt coins is almost as bad (possibly worse) than bitcoin at $6k, $3k. It's time for a new market cycle. I have been short term bearish on bitcoin since we interim topped at 14k, as i've mentioned i'm still expecting more downside for btc in the short term. I believe this next swing down will provide an opportunity for some alts to bottom in terms...
The price is under Resistance Zone now.
It's huge possibility to continue move down.
BUT!!! If the news about attack in Saudi Arabia on oil Factory can influence on Gold and Oil.
So if you will see a GAP after the market will open - don't open any trades, it will be better for you.
Before to trade my ideas make your own analyse.
Write your comments and questions...
XAUUSD has almost reached a key support line.
Gold is still in the upward channel and until this line is broken we will consider longs.
It is logical to buy from this line, and the first target will be the resistance level 1522, the second target - a strong resistance level of 1555.
Reading is must:
Interesting, there is a bearish divergence according to the daily chart. seems gold will go down? Answer is up to you but let me show you something.
Look at the letters of A, B, C & D with color boxes. if you closely see the candles in each box shows you a shooting star candle with a bearish candle which is direct you to a certain period or...
If you have not heard, Saudi Aramco refineries apparently got hit by a drone attack and are now in flames. The US has come out and blamed Iran for this attack.
This should be bullish oil, I am looking for a break above the 58.75 zone. I am bearish on oil given the fundamentals and the fact that we are likely heading to a recession. However, anything geopolitical...
It does not look like we will come down to $156 as I had suggested a month or so ago. The downward pressure is or has already come to a close and upward pressure has or is about to commence. We may see a BRIEF stint of downward pressure begin sometime between September 16th and 17th. There is no shame at all with buying now. If you're unsure, consider buying...
I'm seeing analysis pointing at $500 for XRP/USD. Maybe we should look at the chart for a starter? ;) And compare, how XRP has been doing compared to the other Alts. Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get...
This is my mod of a wonderful script by alexgrover. See his comprehensive description of the logic behind the script at his page at .
Added are labels, alerts and selection of periods among (mainly;)) fibo numbers.
It's been a long time coming, but here is a versatile vline() function applicable to PSv4.0+ utilizing line.new(). I decided to finally figure this out at the request of another member recently. I have been waiting myself for months, but it's now time for an idea who's time has come to unleash upon planet Pine Script. It's a handy little function I believe will be...
This script was written by Brobear and published. I only modified by adding buy and sell signal when price crossover fractal channel.
buy_breakout=crossover(close,fracLevelHigh) and OsMA>OsMA and emaRSI>emaRSI
sell_breakout=crossunder(close,fracLevelLow) and OsMA<OsMA and...
Not many are able to think long term and realize this, but the cryptocurrency markets have already topped.
With summer ending soon, the next 50% price cut might be only a few weeks away.
Good news! I was (finally) able to verify and unfreeze an account with a crypto exchange and cashed out most of my money out of this MLM scheme.
Now, I have no skin in the...
Hi friends, today I want to share the constructor of your trading algorithm.
I want you to take a piece of paper and a pen and answer these for yourself
And this will be your individual trading algorithm
1. Trade style
Decide how you are going to trade
Choose your style
- Short term
- Swing trading
- Medium term
As I can see, tutorials are not so popular in TradingView if compare them with trading signals. But in spite of this fact, I want to keep sharing my ideas and experience about - How to trade properly in the financial markets. Of course, I can't teach you how to become successful in trading just write for you 10, 20, 30 such posts. Without your wish, you won't be...
Gold has been on a very aggressive rise since it broke the 1,380 long term 1W Resistance. Recently it made contact with the Higher High trend line of its 1M Channel Up (RSI = 73.372, MACD = 46.760, Highs/Lows = 196.7521). Undoubtedly we have entered a new long term multi year Bull Cycle but that doesn't mean that the uptrend won't be without lows. Long term...